Ben Fitzsimons
11.7K posts

Ben Fitzsimons
@BenFitz
Dot Joiner

I did not realise they were taxing gross rather than net gains… AFR: Investors with diversified share portfolios making a mix of gains and losses compared to inflation could face tax rates of more than 100 per cent on real gains, due to the Albanese government not compensating investors for underperforming stocks. A former senior Treasury tax official and a hedge fund manager both warned that people with a diversified portfolio of shares could face tax rates 50 per cent higher than Treasury calculated… Chalmers’ office and Treasury were contacted for comment on Thursday about whether real losses would be indexed to inflation. Under another example, an investor buys shares in Coles and Woolworths, with one outperforming inflation and the other underperforming inflation. The overall real return is zero after inflation, but the investor would pay tax on the winning stock. If an investor instead bought an ETF of supermarkets with the same overall result, they would pay no tax. afr.com/policy/tax-and…





Leaked letter exposes growing rift between basketball powerbrokers Larry Kestelman and Jared Novelly theage.com.au/sport/basketba… @theagesport @SMHsport @illawarrahawks














